Name: Parker-Hannifin Corp. (NYSE:PH) | Balance Sheet: Assets (Quarterly)
Creator: Stock Analysis on Net

Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Assets: Selected Items

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Current Assets: Selected Items

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Parker-Hannifin Corp., consolidated balance sheet: assets (quarterly data)

US$ in thousands

	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018	Dec 31, 2017	Sep 30, 2017	Jun 30, 2017	Mar 31, 2017	Dec 31, 2016	Sep 30, 2016
Cash and cash equivalents	756,055)	502,307)	535,799)	467,711)	449,481)	478,582)	733,117)	489,600)	564,734)	742,394)	685,514)	697,617)	948,355)	3,627,393)	3,219,767)	1,098,729)	1,047,385)	952,122)	822,137)	1,089,529)	1,024,770)	874,766)	884,886)	819,563)	1,520,736)	1,393,850)
Marketable securities and other investments	21,611)	19,504)	27,862)	38,561)	40,511)	40,160)	39,116)	40,270)	43,314)	33,463)	70,805)	92,536)	145,120)	282,102)	150,931)	70,190)	30,956)	40,787)	32,995)	101,206)	107,976)	99,792)	39,318)	36,758)	684,299)	746,708)
Trade accounts receivable, net	2,578,045)	2,649,166)	2,341,504)	2,357,244)	2,041,953)	2,109,648)	2,183,594)	2,118,437)	1,816,731)	1,860,324)	1,854,398)	2,174,425)	1,973,187)	1,983,242)	2,131,054)	2,117,103)	1,938,709)	2,065,158)	2,145,517)	2,146,408)	1,857,282)	1,922,288)	1,930,751)	1,869,303)	1,411,074)	1,498,384)
Non-trade and notes receivable	371,474)	374,177)	543,757)	327,186)	314,897)	315,571)	326,315)	309,568)	312,590)	273,991)	244,870)	322,187)	319,126)	288,762)	310,708)	317,412)	324,254)	312,162)	328,399)	328,111)	313,221)	266,421)	254,987)	235,924)	256,545)	250,520)
Inventories	3,095,722)	3,130,182)	2,214,553)	2,330,242)	2,307,306)	2,264,725)	2,090,642)	1,898,159)	1,870,948)	1,795,779)	1,814,631)	2,011,367)	2,014,260)	1,790,044)	1,678,132)	1,755,991)	1,804,564)	1,762,640)	1,621,304)	1,732,759)	1,780,262)	1,707,001)	1,549,494)	1,538,644)	1,241,593)	1,247,972)
Prepaid expenses and other	462,093)	492,491)	6,383,169)	2,708,750)	2,753,501)	422,588)	243,966)	193,019)	191,362)	163,533)	214,986)	183,294)	261,103)	166,536)	182,494)	178,366)	188,868)	165,213)	134,886)	165,083)	202,848)	134,350)	120,282)	118,962)	133,592)	144,444)
Current assets	7,285,000)	7,167,827)	12,046,644)	8,229,694)	7,907,649)	5,631,274)	5,616,750)	5,049,053)	4,799,679)	4,869,484)	4,885,204)	5,481,426)	5,661,151)	8,138,079)	7,673,086)	5,537,791)	5,334,736)	5,298,082)	5,085,238)	5,563,096)	5,286,359)	5,004,618)	4,779,718)	4,619,154)	5,247,839)	5,281,878)
Property, plant and equipment	6,730,223)	6,488,563)	5,897,955)	6,019,745)	6,019,552)	6,019,237)	6,040,220)	5,989,920)	6,026,680)	5,902,279)	5,810,681)	5,749,736)	5,817,798)	5,270,756)	5,186,730)	5,188,958)	5,192,144)	5,207,867)	5,215,253)	5,363,208)	5,300,983)	5,292,651)	5,186,748)	5,130,954)	4,653,676)	4,761,786)
Accumulated depreciation	(3,890,699)	(3,734,956)	(3,775,197)	(3,845,508)	(3,816,620)	(3,795,703)	(3,773,744)	(3,740,798)	(3,724,538)	(3,609,399)	(3,517,946)	(3,452,746)	(3,481,858)	(3,390,599)	(3,418,443)	(3,409,066)	(3,398,339)	(3,379,833)	(3,359,016)	(3,421,409)	(3,363,909)	(3,329,805)	(3,249,456)	(3,185,215)	(3,147,475)	(3,198,853)
Property, plant and equipment, net	2,839,524)	2,753,607)	2,122,758)	2,174,237)	2,202,932)	2,223,534)	2,266,476)	2,249,122)	2,302,142)	2,292,880)	2,292,735)	2,296,990)	2,335,940)	1,880,157)	1,768,287)	1,779,892)	1,793,805)	1,828,034)	1,856,237)	1,941,799)	1,937,074)	1,962,846)	1,937,292)	1,945,739)	1,506,201)	1,562,933)
Deferred income taxes	133,348)	125,604)	110,585)	144,506)	146,567)	145,972)	104,251)	125,382)	134,325)	129,751)	126,839)	124,515)	114,032)	145,476)	150,462)	96,463)	98,779)	99,886)	57,623)	36,935)	36,668)	35,194)	36,057)	65,152)	482,136)	495,708)
Investments and other assets	1,206,194)	1,135,728)	788,057)	787,986)	794,814)	800,211)	774,239)	791,221)	795,073)	778,591)	764,563)	750,743)	941,588)	892,508)	747,773)	769,391)	733,987)	757,795)	801,049)	814,637)	832,269)	834,085)	842,475)	848,212)	832,507)	817,691)
Intangible assets, net	8,387,917)	8,388,011)	3,135,817)	3,254,062)	3,343,612)	3,426,540)	3,519,797)	3,595,182)	3,695,194)	3,743,314)	3,798,913)	3,881,827)	4,036,108)	2,693,756)	1,783,277)	1,834,433)	1,883,825)	1,956,101)	2,015,520)	2,134,659)	2,174,104)	2,215,297)	2,307,484)	2,338,364)	849,692)	901,939)
Goodwill	10,668,904)	10,384,130)	7,740,082)	7,954,835)	7,999,901)	8,009,340)	8,059,687)	8,031,586)	8,101,016)	7,971,897)	7,869,935)	7,829,779)	7,955,170)	5,818,613)	5,453,805)	5,459,965)	5,462,555)	5,485,144)	5,504,420)	5,746,358)	5,698,707)	5,679,239)	5,586,878)	5,508,712)	2,813,238)	2,910,765)
Noncurrent assets	23,235,887)	22,787,080)	13,897,299)	14,315,626)	14,487,826)	14,605,597)	14,724,450)	14,792,493)	15,027,750)	14,916,433)	14,852,985)	14,883,854)	15,382,838)	11,430,510)	9,903,604)	9,940,144)	9,972,951)	10,126,960)	10,234,849)	10,674,388)	10,678,822)	10,726,661)	10,710,186)	10,706,179)	6,483,774)	6,689,036)
Total assets	30,520,887)	29,954,907)	25,943,943)	22,545,320)	22,395,475)	20,236,871)	20,341,200)	19,841,546)	19,827,429)	19,785,917)	19,738,189)	20,365,280)	21,043,989)	19,568,589)	17,576,690)	15,477,935)	15,307,687)	15,425,042)	15,320,087)	16,237,484)	15,965,181)	15,731,279)	15,489,904)	15,325,333)	11,731,613)	11,970,914)

Total assets exhibit a significant upward trajectory over the analyzed period, growing from approximately 11.97 billion USD in September 2016 to 30.52 billion USD by December 2022. This growth is characterized by two distinct phases: a steady expansion between 2016 and 2020, followed by an accelerated increase in total asset value starting in 2021 and peaking in late 2022.

Current Asset Dynamics: Current assets demonstrate considerable volatility. While they started at 5.28 billion USD in 2016, they reached a peak of 12.05 billion USD in June 2022. A notable spike occurred in mid-2019, coinciding with a temporary increase in cash and cash equivalents, which reached 3.63 billion USD in June 2019 before receding. Trade accounts receivable showed a consistent long-term upward trend, rising from 1.50 billion USD to 2.58 billion USD, indicating an increase in credit sales or a lengthening of the collection cycle. Inventories also climbed steadily, nearly tripling from 1.25 billion USD in 2016 to 3.10 billion USD by the end of 2022, suggesting an expansion of operational scale or strategic stockpiling.
Noncurrent Asset Expansion: Noncurrent assets experienced the most aggressive growth, rising from 6.69 billion USD in September 2016 to 23.24 billion USD in December 2022. Net property, plant, and equipment increased moderately from 1.56 billion USD to 2.84 billion USD. The growth in this category was far outpaced by the expansion of intangible assets and goodwill, which suggests that the company's asset growth is primarily driven by acquisitions rather than organic capital expenditure in physical infrastructure.
Intangible Assets and Goodwill: A profound shift in the asset composition is observed in the valuation of intangibles and goodwill. Goodwill increased from 2.91 billion USD in 2016 to 10.67 billion USD by December 2022. A particularly sharp increase occurred between June 2022 and September 2022, where goodwill jumped from 7.74 billion USD to 10.38 billion USD. Similarly, net intangible assets surged from 901.94 million USD in 2016 to 8.39 billion USD in 2022, with a massive spike occurring in the third quarter of 2022. This pattern confirms a heavy reliance on inorganic growth strategies during the latter part of the period.
Working Capital Anomalies: Significant fluctuations are noted in prepaid expenses and other current assets. Between December 2021 and June 2022, this line item surged from 2.75 billion USD to 6.38 billion USD before sharply correcting back to 462.09 million USD by December 2022. Such extreme volatility suggests the presence of one-time transactional events or temporary accounting reclassifications rather than a permanent shift in operational requirements.

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Parker-Hannifin Corp. (NYSE:PH)

Balance Sheet: AssetsQuarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data